ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
Two days ago I defined and described the case for a blow-off top in SPDR Gold Shares (GLD). Speculators have provided a confirmation of a top, yet there is now a caveat based on GLD’s ability to comeback a bit on Friday (June 17th). After pulling back the reins for three weeks on net longs … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
In early May, 2016, the SPDR Gold Shares (GLD) hit a new 15-month high. At that time, I considered the prospects for a blow-off top in GLD. I concluded that a top had not yet arrived but would likely come “sometime” over the horizon. I used Google Trends, one of my favorite tools for analyzing … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 22, 2016. Click here to read the entire piece.) Sometimes the test of a change in sentiment is not in the pace of the new trend, but instead in the behavior after that trend first gets tested. {snip} Source: FreeStockCharts.com … Read more